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Schedule III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure


					Initial Cost to ELS				Costs Capitalized Subsequent to Acquisition (Improvements)				Gross Amount Carried at 12/31/20
Real Estate (1)	Location		Encumbrances		Land		Depreciable Property		Land		Depreciable Property		Land		Depreciable Property		Total (3)		Accumulated Depreciation		Date of Acquisition
Properties Held for Long Term
Hidden Cove	Arley	AL	$	—	$	212	$	610	$	—	$	1,842	$	212	$	2,452	$	2,664	$	(434)	2006
Apache East	Apache Junction	AZ	(4,930)		2,236		4,181		—		215		2,236		4,396		6,632		(1,577)		2011
Countryside RV	Apache Junction	AZ	(8,035)		2,056		6,241		—		1,759		2,056		8,000		10,056		(4,667)		2002
Denali Park	Apache Junction	AZ	—		2,394		4,016		—		324		2,394		4,340		6,734		(1,516)		2011
Dolce Vita	Apache Junction	AZ	—		52,803		37,245		—		3		52,803		37,248		90,051		—		2020
Golden Sun RV	Apache Junction	AZ	(5,701)		1,678		5,049		—		867		1,678		5,916		7,594		(3,391)		2002
Meridian RV Resort	Apache Junction	AZ	—		6,445		5,292		—		—		6,445		5,292		11,737		—		2020
Valley Vista	Benson	AZ	—		115		429		—		278		115		707		822		(229)		2010
Casita Verde	Casa Grande	AZ	—		719		2,179		—		273		719		2,452		3,171		(1,140)		2006
Fiesta Grande	Casa Grande	AZ	—		2,869		8,653		—		1,430		2,869		10,083		12,952		(4,587)		2006
Foothills West	Casa Grande	AZ	—		747		2,261		—		554		747		2,815		3,562		(1,344)		2006
Sunshine Valley	Chandler	AZ	(25,359)		9,139		12,912		—		671		9,139		13,583		22,722		(4,775)		2011
Verde Valley	Cottonwood	AZ	—		1,437		3,390		19		7,084		1,456		10,474		11,930		(2,896)		2004
Casa del Sol East II	Glendale	AZ	—		2,103		6,283		—		3,452		2,103		9,735		11,838		(5,509)		1996
Casa del Sol East III	Glendale	AZ	—		2,450		7,452		—		1,254		2,450		8,706		11,156		(6,146)		1998
Palm Shadows	Glendale	AZ	—		1,400		4,218		—		1,853		1,400		6,071		7,471		(4,761)		1993
Hacienda De Valencia	Mesa	AZ	(19,408)		833		2,701		—		5,445		833		8,146		8,979		(5,857)		1984
Mesa Spirit	Mesa	AZ	(15,805)		17,382		25,238		192		292		17,574		25,530		43,104		(5,710)		2014
Monte Vista Resort	Mesa	AZ	(20,179)		11,402		34,355		—		32,339		11,402		66,694		78,096		(23,372)		2004
Seyenna Vistas	Mesa	AZ	—		1,360		4,660		(87)		3,506		1,273		8,166		9,439		(5,996)		1994
The Highlands at Brentwood	Mesa	AZ	(12,182)		1,997		6,024		—		2,396		1,997		8,420		10,417		(6,882)		1993
ViewPoint RV & Golf Resort	Mesa	AZ	(47,422)		24,890		56,340		15		25,404		24,905		81,744		106,649		(37,844)		2004
Apollo Village	Peoria	AZ	—		932		3,219		—		1,846		932		5,065		5,997		(3,845)		1994
Casa del Sol West	Peoria	AZ	—		2,215		6,467		—		2,670		2,215		9,137		11,352		(5,618)		1996
Carefree Manor	Phoenix	AZ	—		706		3,040		—		1,099		706		4,139		4,845		(2,875)		1998
Central Park	Phoenix	AZ	(11,243)		1,612		3,784		—		2,019		1,612		5,803		7,415		(4,880)		1983
Desert Skies	Phoenix	AZ	(4,473)		792		3,126		—		942		792		4,068		4,860		(2,894)		1998
Sunrise Heights	Phoenix	AZ	(5,480)		1,000		3,016		—		1,983		1,000		4,999		5,999		(3,639)		1994
Whispering Palms	Phoenix	AZ	—		670		2,141		—		500		670		2,641		3,311		(1,914)		1998
Desert Vista	Salome	AZ	—		66		268		—		314		66		582		648		(205)		2010
Sedona Shadows	Sedona	AZ	—		1,096		3,431		—		2,276		1,096		5,707		6,803		(3,604)		1997
Venture In	Show Low	AZ	(8,661)		2,050		6,188		—		777		2,050		6,965		9,015		(3,337)		2006
Paradise	Sun City	AZ	(36,055)		6,414		19,263		11		3,074		6,425		22,337		28,762		(12,666)		2004
The Meadows AZ	Tempe	AZ	(15,933)		2,613		7,887		—		4,709		2,613		12,596		15,209		(9,549)		1994


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/20
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Fairview Manor	Tucson	AZ	—	1,674	4,708	—	2,547	1,674	7,255	8,929	(5,031)	1998
Voyager Expansion	Tucson	AZ	—	6,148	—	—	—	6,148	—	6,148	—	2020
Westpark	Wickenburg	AZ	(8,425)	4,495	10,517	—	4,588	4,495	15,105	19,600	(4,028)	2011
Araby Acres	Yuma	AZ	—	1,440	4,345	—	1,260	1,440	5,605	7,045	(2,948)	2003
Cactus Gardens	Yuma	AZ	(6,089)	1,992	5,984	—	610	1,992	6,594	8,586	(3,534)	2004
Capri	Yuma	AZ	—	1,595	4,774	—	503	1,595	5,277	6,872	(2,469)	2006
Desert Paradise	Yuma	AZ	—	666	2,011	—	413	666	2,424	3,090	(1,319)	2004
Foothill Village	Yuma	AZ	—	459	1,402	—	394	459	1,796	2,255	(963)	2003
Mesa Verde RV	Yuma	AZ	(4,432)	1,387	4,148	—	789	1,387	4,937	6,324	(2,236)	2007
Suni Sands	Yuma	AZ	—	1,249	3,759	—	689	1,249	4,448	5,697	(2,388)	2004
Cultus Lake	Lindell Beach	BC	—	410	968	6	570	416	1,538	1,954	(811)	2004
Soledad Canyon	Acton	CA	—	2,933	6,917	39	8,466	2,972	15,383	18,355	(5,748)	2004
Los Ranchos	Apple Valley	CA	—	8,336	15,774	—	1,072	8,336	16,846	25,182	(5,850)	2011
Monte del Lago	Castroville	CA	(35,627)	3,150	9,469	—	4,930	3,150	14,399	17,549	(9,457)	1997
Date Palm Country Club	Cathedral City	CA	—	—	18,179	—	8,371	—	26,550	26,550	(21,113)	1994
Palm Springs Oasis RV Resort	Cathedral City	CA	—	—	216	—	684	—	900	900	(510)	1994
Colony Park	Ceres	CA	(7,568)	890	2,837	—	1,608	890	4,445	5,335	(2,867)	1998
Russian River	Cloverdale	CA	—	368	868	5	605	373	1,473	1,846	(653)	2004
Oakzanita Springs	Descanso	CA	—	396	934	5	2,374	401	3,308	3,709	(1,211)	2004
Rancho Mesa	El Cajon	CA	—	2,130	6,389	—	1,555	2,130	7,944	10,074	(5,420)	1998
Rancho Valley	El Cajon	CA	(18,320)	685	1,902	—	2,050	685	3,952	4,637	(2,940)	1983
Snowflower	Emigrant Gap	CA	—	308	727	4	2,076	312	2,803	3,115	(900)	2004
Four Seasons	Fresno	CA	—	756	2,348	—	1,929	756	4,277	5,033	(2,406)	1997
Yosemite Lakes	Groveland	CA	—	2,045	4,823	27	6,206	2,072	11,029	13,101	(3,884)	2004
Royal Holiday	Hemet	CA	—	778	2,643	—	5,017	778	7,660	8,438	(3,360)	1999
Idyllwild	Idyllwild-Pine Cove	CA	—	313	737	4	2,201	317	2,938	3,255	(1,047)	2004
Pio Pico	Jamul	CA	—	2,626	6,194	35	4,687	2,661	10,881	13,542	(4,700)	2004
Tahoe Valley	Lake Tahoe	CA	—	—	5,428	—	1,638	—	7,066	7,066	(3,563)	2004
Sea Oaks	Los Osos	CA	—	871	2,703	—	1,175	871	3,878	4,749	(2,546)	1997
Ponderosa Resort	Lotus	CA	—	900	2,100	—	2,778	900	4,878	5,778	(1,590)	2006
Turtle Beach	Manteca	CA	—	268	633	4	1,447	272	2,080	2,352	(605)	2004
Marina Dunes RV Resort	Marina	CA	—	20,379	8,204	—	13	20,379	8,217	28,596	(52)	2020
Wilderness Lakes	Menifee	CA	—	2,157	5,088	29	3,063	2,186	8,151	10,337	(3,617)	2004
Coralwood	Modesto	CA	—	—	5,047	—	1,652	—	6,699	6,699	(4,516)	1997
Morgan Hill	Morgan Hill	CA	—	1,856	4,378	980	5,569	2,836	9,947	12,783	(3,229)	2004


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/20
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Lake Minden	Nicolaus	CA	—	961	2,267	13	1,558	974	3,825	4,799	(1,910)	2004
Pacific Dunes Ranch	Oceana	CA	—	1,940	5,632	—	1,662	1,940	7,294	9,234	(3,531)	2004
Lake of the Springs	Oregon House	CA	—	1,062	2,504	14	2,328	1,076	4,832	5,908	(2,041)	2004
Concord Cascade	Pacheco	CA	—	985	3,016	—	3,461	985	6,477	7,462	(4,634)	1983
San Francisco RV	Pacifica	CA	—	1,660	4,973	—	3,055	1,660	8,028	9,688	(4,559)	2005
San Benito	Paicines	CA	—	1,411	3,328	19	3,240	1,430	6,568	7,998	(2,737)	2004
Palm Springs	Palm Desert	CA	—	1,811	4,271	24	2,164	1,835	6,435	8,270	(3,016)	2004
Las Palmas Estates	Rialto	CA	—	1,295	3,866	—	1,050	1,295	4,916	6,211	(2,521)	2004
Parque La Quinta	Rialto	CA	—	1,799	5,450	—	1,083	1,799	6,533	8,332	(3,342)	2004
Quail Meadows	Riverbank	CA	—	1,155	3,469	—	1,113	1,155	4,582	5,737	(3,058)	1998
California Hawaiian	San Jose	CA	(34,528)	5,825	17,755	—	5,124	5,825	22,879	28,704	(16,399)	1997
Nicholson Plaza	San Jose	CA	—	—	4,512	—	687	—	5,199	5,199	(4,291)	1997
Sunshadow	San Jose	CA	—	12,334	5,707	8	1,149	12,342	6,856	19,198	(4,837)	1997
Village of the Four Seasons	San Jose	CA	(19,666)	5,229	15,714	—	2,016	5,229	17,730	22,959	(9,293)	2004
Westwinds (4 properties)	San Jose	CA	—	—	17,616	—	10,972	—	28,588	28,588	(23,728)	1997
Laguna Lake	San Luis Obispo	CA	(18,708)	2,845	6,520	—	1,657	2,845	8,177	11,022	(5,631)	1998
Contempo Marin	San Rafael	CA	(36,927)	4,787	16,379	—	4,354	4,787	20,733	25,520	(17,053)	1994
Rancho Oso	Santa Barbara	CA	—	860	2,029	12	2,738	872	4,767	5,639	(1,740)	2004
De Anza Santa Cruz	Santa Cruz	CA	(46,010)	2,103	7,201	—	5,838	2,103	13,039	15,142	(8,340)	1994
Meadowbrook	Santee	CA	(22,627)	4,345	12,528	—	3,307	4,345	15,835	20,180	(11,025)	1998
Santa Cruz Ranch	Scotts Valley	CA	—	1,595	3,937	—	828	1,595	4,765	6,360	(1,955)	2007
Lamplighter Village	Spring Valley	CA	(32,920)	633	2,201	—	2,303	633	4,504	5,137	(3,323)	1983
Santiago Estates	Sylmar	CA	(22,705)	3,562	10,767	—	3,393	3,562	14,160	17,722	(9,361)	1998
Royal Oaks	Visalia	CA	—	602	1,921	—	1,766	602	3,687	4,289	(2,077)	1997
Hillcrest Village CO	Aurora	CO	(39,298)	1,912	5,202	289	6,884	2,201	12,086	14,287	(8,040)	1983
Cimarron Village	Broomfield	CO	(29,785)	863	2,790	—	1,929	863	4,719	5,582	(3,600)	1983
Holiday Village CO	Colorado Springs	CO	(19,672)	567	1,759	—	2,765	567	4,524	5,091	(2,916)	1983
Bear Creek Village	Denver	CO	(5,883)	1,100	3,359	—	1,126	1,100	4,485	5,585	(2,912)	1998
Holiday Hills Village	Denver	CO	(58,559)	2,159	7,780	—	9,068	2,159	16,848	19,007	(12,228)	1983
Golden Terrace	Golden	CO	—	826	2,415	—	3,414	826	5,829	6,655	(3,693)	1983
Golden Terrace South	Golden	CO	—	750	2,265	—	1,063	750	3,328	4,078	(2,302)	1997
Golden Terrace West	Golden	CO	—	1,694	5,065	—	7,580	1,694	12,645	14,339	(6,795)	1986
Pueblo Grande	Pueblo	CO	—	241	1,069	—	3,323	241	4,392	4,633	(1,791)	1983
Woodland Hills	Thornton	CO	(33,521)	1,928	4,408	—	4,357	1,928	8,765	10,693	(6,421)	1994
Stonegate Manor	North Windham	CT	—	6,011	12,336	—	467	6,011	12,803	18,814	(4,616)	2011


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/20
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Waterford Estates	Bear	DE	(38,991)	5,250	16,202	—	3,035	5,250	19,237	24,487	(9,262)	1996
McNicol Place	Lewes	DE	—	562	1,710	—	270	562	1,980	2,542	(1,420)	1998
Whispering Pines	Lewes	DE	—	1,536	4,609	—	2,594	1,536	7,203	8,739	(5,759)	1988
Mariner's Cove	Millsboro	DE	(19,157)	990	2,971	—	7,230	990	10,201	11,191	(7,403)	1987
Sweetbriar	Millsboro	DE	—	498	1,527	—	926	498	2,453	2,951	(1,603)	1998
Aspen Meadows	Rehoboth	DE	(10,835)	1,148	3,460	—	746	1,148	4,206	5,354	(3,055)	1998
Camelot Meadows	Rehoboth	DE	—	527	2,058	1,251	4,756	1,778	6,814	8,592	(4,803)	1998
Riverside RV Resort	Arcadia	FL	—	8,400	11,905	—	742	8,400	12,647	21,047	(3,413)	2016
Toby’s RV Resort	Arcadia	FL	—	1,093	3,280	—	709	1,093	3,989	5,082	(2,123)	2003
Sunshine Key	Big Pine Key	FL	—	5,273	15,822	—	16,317	5,273	32,139	37,412	(11,535)	2004
Windmill Manor	Bradenton	FL	(11,885)	2,153	6,125	—	2,348	2,153	8,473	10,626	(5,836)	1998
Winter Quarters Manatee	Bradenton	FL	—	2,300	6,903	—	1,496	2,300	8,399	10,699	(4,421)	2004
Clover Leaf Farms	Brooksville	FL	(32,336)	13,684	24,106	—	5,777	13,684	29,883	43,567	(9,099)	2011
Clover Leaf Forest	Brooksville	FL	—	1,092	2,178	—	421	1,092	2,599	3,691	(766)	2011
Resort at Tranquility Lake	Cape Coral	FL	—	12,572	—	24	205	12,596	205	12,801	—	2020
Glen Ellen	Clearwater	FL	—	619	1,882	—	478	619	2,360	2,979	(1,309)	2002
Hillcrest FL	Clearwater	FL	—	1,278	3,928	—	1,606	1,278	5,534	6,812	(3,937)	1998
Holiday Ranch	Clearwater	FL	—	925	2,866	—	737	925	3,603	4,528	(2,516)	1998
Serendipity	Clearwater	FL	(16,953)	18,944	11,782	—	2,225	18,944	14,007	32,951	(3,362)	2018
Shady Lane Oaks	Clearwater	FL	—	4,984	8,482	—	621	4,984	9,103	14,087	(3,264)	2011
Shady Lane Village	Clearwater	FL	—	3,102	5,480	—	353	3,102	5,833	8,935	(2,106)	2011
Silk Oak Lodge	Clearwater	FL	—	1,649	5,028	—	623	1,649	5,651	7,300	(3,200)	2002
Clerbrook Golf & RV Resort	Clermont	FL	—	3,883	11,700	—	2,998	3,883	14,698	18,581	(6,706)	2006
Lake Magic	Clermont	FL	—	1,595	4,793	—	1,457	1,595	6,250	7,845	(3,228)	2004
Orange Lake	Clermont	FL	—	4,303	6,815	—	1,078	4,303	7,893	12,196	(2,714)	2011
Orlando	Clermont	FL	—	2,975	7,017	40	16,273	3,015	23,290	26,305	(5,871)	2004
Crystal Isles	Crystal River	FL	—	926	2,787	10	3,580	936	6,367	7,303	(2,586)	2004
Cheron Village	Davie	FL	—	10,393	6,217	—	329	10,393	6,546	16,939	(2,637)	2011
Carriage Cove	Daytona Beach	FL	(16,342)	2,914	8,682	—	2,318	2,914	11,000	13,914	(7,688)	1998
Lake Haven	Dunedin	FL	(13,613)	1,135	4,047	—	4,320	1,135	8,367	9,502	(6,237)	1983
Marker 1 Marina	Dunedin	FL	—	21,685	15,758	—	(19)	21,685	15,739	37,424	—	2020
Coquina Crossing	Elkton	FL	(28,170)	5,274	5,545	—	19,821	5,274	25,366	30,640	(13,856)	1999
Colony Cove	Ellenton	FL	(96,677)	28,660	92,457	38,094	27,916	66,754	120,373	187,127	(35,580)	2011
Ridgewood Estates	Ellenton	FL	—	8,769	8,791	—	844	8,769	9,635	18,404	(3,373)	2011
Haselton Village	Eustis	FL	—	3,800	8,955	—	721	3,800	9,676	13,476	(3,285)	2011


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/20
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Southern Palms RV	Eustis	FL	—	2,169	5,884	—	4,352	2,169	10,236	12,405	(6,785)	1998
Bulow Plantation	Flagler Beach	FL	—	3,637	949	—	7,418	3,637	8,367	12,004	(5,297)	1994
Bulow RV	Flagler Beach	FL	—	—	228	—	2,472	—	2,700	2,700	(1,030)	1994
Carefree Cove	Fort Lauderdale	FL	—	1,741	5,170	—	950	1,741	6,120	7,861	(3,228)	2004
Everglades Lakes	Fort Lauderdale	FL	—	53,850	18,797	—	1,675	53,850	20,472	74,322	(2,443)	2018
Park City West	Fort Lauderdale	FL	—	4,184	12,561	—	1,486	4,184	14,047	18,231	(7,614)	2004
Sunshine Holiday MH	Fort Lauderdale	FL	(9,409)	3,099	9,286	—	1,971	3,099	11,257	14,356	(5,669)	2004
Crystal Lakes-Fort Myers	Fort Myers	FL	—	1,047	—	1,340	825	2,387	825	3,212	(24)	2018
Fort Myers Beach	Fort Myers	FL	—	1,188	3,548	849	1,037	2,037	4,585	6,622	(2,397)	2004
Gulf Air	Fort Myers Beach	FL	(6,040)	1,609	4,746	—	955	1,609	5,701	7,310	(2,998)	2004
Lakeside Terrace	Fruitland Park	FL	—	3,275	7,165	—	696	3,275	7,861	11,136	(2,699)	2011
Grand Island Resort	Grand Island	FL	—	1,723	5,208	125	6,207	1,848	11,415	13,263	(6,023)	2001
Holiday Travel Park	Holiday	FL	—	9,240	13,284	—	1,014	9,240	14,298	23,538	(3,598)	2018
Barrington Hills	Hudson	FL	(4,323)	1,145	3,437	—	1,272	1,145	4,709	5,854	(2,388)	2004
Sherwood Forest - MHP	Kissimmee	FL	—	4,852	14,596	—	7,777	4,852	22,373	27,225	(15,034)	1998
Sherwood Forest RV	Kissimmee	FL	—	2,870	3,621	567	4,156	3,437	7,777	11,214	(4,799)	1998
Tropical Palms	Kissimmee	FL	—	5,677	17,116	—	13,051	5,677	30,167	35,844	(15,088)	2004
Lake Worth Village	Lake Worth	FL	(3,620)	14,959	24,501	—	4,217	14,959	28,718	43,677	(9,729)	2011
Beacon Hill Colony	Lakeland	FL	—	3,775	6,405	—	429	3,775	6,834	10,609	(2,330)	2011
Beacon Terrace	Lakeland	FL	(9,654)	5,372	9,153	216	719	5,588	9,872	15,460	(3,444)	2011
Kings & Queens	Lakeland	FL	—	1,696	3,064	—	307	1,696	3,371	5,067	(1,183)	2011
Lakeland Harbor	Lakeland	FL	(31,199)	10,446	17,376	—	919	10,446	18,295	28,741	(6,341)	2011
Lakeland Junction	Lakeland	FL	(3,427)	3,018	4,752	—	305	3,018	5,057	8,075	(1,795)	2011
Maralago Cay	Lantana	FL	(39,136)	5,325	15,420	—	6,640	5,325	22,060	27,385	(15,447)	1997
Down Yonder	Largo	FL	—	2,652	7,981	—	1,593	2,652	9,574	12,226	(5,398)	1998
East Bay Oaks	Largo	FL	(9,067)	1,240	3,322	—	1,865	1,240	5,187	6,427	(4,212)	1983
Eldorado Village	Largo	FL	(6,058)	778	2,341	—	2,167	778	4,508	5,286	(3,109)	1983
Paradise Park - Largo	Largo	FL	(5,442)	3,523	4,026	—	610	3,523	4,636	8,159	(1,208)	2017
Shangri-La Mobile Home Park	Largo	FL	—	1,722	5,200	—	394	1,722	5,594	7,316	(3,079)	2004
Vacation Village	Largo	FL	(4,441)	1,315	3,946	—	985	1,315	4,931	6,246	(2,521)	2004
Whispering Pines - Largo	Largo	FL	—	8,218	14,054	—	1,393	8,218	15,447	23,665	(5,271)	2011
Coachwood Colony	Leesburg	FL	—	1,602	4,822	—	1,380	1,602	6,202	7,804	(3,038)	2004
Mid-Florida Lakes	Leesburg	FL	(60,052)	5,997	20,635	—	14,676	5,997	35,311	41,308	(24,744)	1994
Fiesta Key	Long Key	FL	—	16,611	7,338	—	14,250	16,611	21,588	38,199	(3,200)	2013
Winter Quarters Pasco	Lutz	FL	(3,790)	1,494	4,484	—	1,490	1,494	5,974	7,468	(2,973)	2004


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/20
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Coral Cay Plantation	Margate	FL	(77,795)	5,890	20,211	—	9,408	5,890	29,619	35,509	(23,066)	1994
Lakewood Village	Melbourne	FL	—	1,862	5,627	—	2,813	1,862	8,440	10,302	(6,268)	1994
Miami Everglades	Miami	FL	—	5,362	6,238	—	1,031	5,362	7,269	12,631	(2,284)	2015
Southernaire	Mt. Dora	FL	—	796	2,395	—	497	796	2,892	3,688	(1,460)	2004
Loggerhead Marinas (11 properties)	Multiple	FL	—	80,819	81,387	—	3,560	80,819	84,947	165,766	(7,582)	2019
Country Place (2)	New Port Richey	FL	(18,661)	663	—	18	8,291	681	8,291	8,972	(6,588)	1986
Hacienda Village	New Port Richey	FL	(16,171)	4,297	13,088	—	4,035	4,297	17,123	21,420	(9,279)	2002
Harbor View Mobile Manor	New Port Richey	FL	(17,456)	4,030	12,146	—	1,821	4,030	13,967	17,997	(7,738)	2002
Bay Lake Estates	Nokomis	FL	(10,991)	990	3,390	—	2,608	990	5,998	6,988	(4,183)	1994
Lake Village	Nokomis	FL	(15,247)	15,850	18,099	—	691	15,850	18,790	34,640	(6,587)	2011
Royal Coachman	Nokomis	FL	—	5,321	15,978	—	1,984	5,321	17,962	23,283	(9,895)	2004
Buccaneer Estates	North Fort Myers	FL	—	4,207	14,410	—	6,846	4,207	21,256	25,463	(14,854)	1994
Island Vista Estates	North Fort Myers	FL	—	5,004	15,066	—	4,888	5,004	19,954	24,958	(7,840)	2006
Lake Fairways	North Fort Myers	FL	(37,409)	6,075	18,134	35	4,241	6,110	22,375	28,485	(17,851)	1994
Pine Lakes	North Fort Myers	FL	—	6,306	14,579	2,317	9,535	8,623	24,114	32,737	(18,544)	1994
Pioneer Village	North Fort Myers	FL	(13,149)	4,116	12,353	—	3,173	4,116	15,526	19,642	(8,198)	2004
Sunseekers RV Resort	North Fort Myers	FL	—	4,224	2,299	—	1,831	4,224	4,130	8,354	(639)	2018
The Heritage	North Fort Myers	FL	—	1,438	4,371	346	5,336	1,784	9,707	11,491	(7,062)	1993
Windmill Village - N. Ft. Myers	North Fort Myers	FL	—	1,417	5,440	—	4,477	1,417	9,917	11,334	(7,260)	1983
Foxwood Farms	Ocala	FL	—	3,853	7,967	—	2,262	3,853	10,229	14,082	(3,301)	2011
Oak Bend	Ocala	FL	—	850	2,572	—	3,460	850	6,032	6,882	(3,406)	1993
Villas at Spanish Oaks	Ocala	FL	—	2,250	6,922	—	3,009	2,250	9,931	12,181	(7,548)	1993
Silver Dollar Golf & Trap Club Resort	Odessa	FL	—	4,107	12,431	7,158	3,918	11,265	16,349	27,614	(8,483)	2004
Audubon Village - Florida	Orlando	FL	—	4,622	7,200	—	736	4,622	7,936	12,558	(2,773)	2011
Hidden Valley	Orlando	FL	—	11,398	12,861	—	1,099	11,398	13,960	25,358	(4,874)	2011
Starlight Ranch	Orlando	FL	(31,796)	13,543	20,388	—	3,284	13,543	23,672	37,215	(8,116)	2011
Holiday Village, Ormond Beach	Ormond Beach	FL	—	2,610	7,837	—	1,517	2,610	9,354	11,964	(5,133)	2002
Sunshine Holiday-Daytona North	Ormond Beach	FL	—	2,001	6,004	—	1,069	2,001	7,073	9,074	(3,918)	2004
The Meadows, FL	Palm Beach Gardens	FL	(36,323)	3,229	9,870	—	7,286	3,229	17,156	20,385	(9,881)	1999
Terra Ceia	Palmetto	FL	—	965	2,905	1,833	605	2,798	3,510	6,308	(1,819)	2004
Lakes at Countrywood	Plant City	FL	—	2,377	7,085	—	3,627	2,377	10,712	13,089	(5,904)	2001
Meadows at Countrywood	Plant City	FL	—	4,514	13,175	75	11,758	4,589	24,933	29,522	(15,569)	1998
Oaks at Countrywood	Plant City	FL	—	846	2,513	(75)	2,274	771	4,787	5,558	(2,597)	1998
Breezy Hill	Pompano Beach	FL	(17,647)	5,424	16,555	—	2,894	5,424	19,449	24,873	(11,296)	2002


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/20
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Highland Wood Travel Park	Pompano Beach	FL	—	1,043	3,130	42	697	1,085	3,827	4,912	(2,118)	2002
Harbor Lakes	Port Charlotte	FL	(17,462)	3,384	10,154	—	1,500	3,384	11,654	15,038	(6,234)	2004
Lighthouse Pointe at Daytona Beach	Port Orange	FL	—	2,446	7,483	23	2,980	2,469	10,463	12,932	(6,830)	1998
Pickwick Village	Port Orange	FL	(17,110)	2,803	8,870	—	3,933	2,803	12,803	15,606	(7,756)	1998
Rose Bay	Port Orange	FL	—	3,866	3,528	—	609	3,866	4,137	8,003	(1,874)	2016
Emerald Lake	Punta Gorda	FL	(4,193)	3,598	5,197	—	589	3,598	5,786	9,384	(2,019)	2011
Gulf View	Punta Gorda	FL	—	717	2,158	—	1,592	717	3,750	4,467	(1,990)	2004
Tropical Palms MH	Punta Gorda	FL	—	2,365	7,286	—	3,450	2,365	10,736	13,101	(4,255)	2006
Kingswood	Riverview	FL	—	9,094	8,365	—	1,054	9,094	9,419	18,513	(2,068)	2018
Palm Lake	Riviera Beach	FL	—	56,323	27,418	—	2,236	56,323	29,654	85,977	(5,042)	2018
Indian Oaks	Rockledge	FL	—	1,089	3,376	—	1,446	1,089	4,822	5,911	(3,324)	1998
Space Coast	Rockledge	FL	—	2,413	3,716	—	1,590	2,413	5,306	7,719	(1,132)	2014
Covington Estates	Saint Cloud	FL	(9,008)	3,319	7,253	—	333	3,319	7,586	10,905	(2,701)	2011
Winds of St. Armands North	Sarasota	FL	(23,774)	1,523	5,063	—	3,954	1,523	9,017	10,540	(7,346)	1983
Winds of St. Armands South	Sarasota	FL	(15,499)	1,106	3,162	1,744	2,713	2,850	5,875	8,725	(4,069)	1983
Topics RV Resort	Spring Hill	FL	(2,274)	844	2,568	—	850	844	3,418	4,262	(1,777)	2004
Pine Island	St. James City	FL	—	1,678	5,044	—	1,629	1,678	6,673	8,351	(2,722)	2007
Carefree Village	Tampa	FL	(23,918)	6,799	10,421	—	1,309	6,799	11,730	18,529	(4,091)	2011
Tarpon Glen	Tarpon Springs	FL	—	2,678	4,016	—	697	2,678	4,713	7,391	(1,631)	2011
Featherock	Valrico	FL	—	11,369	22,770	—	2,321	11,369	25,091	36,460	(8,107)	2011
Bay Indies	Venice	FL	(61,198)	10,483	31,559	10	8,551	10,493	40,110	50,603	(32,393)	1994
Ramblers Rest RV Resort	Venice	FL	(29,945)	4,646	14,201	—	8,258	4,646	22,459	27,105	(9,312)	2006
Countryside at Vero Beach	Vero Beach	FL	(50,619)	3,711	11,133	—	8,908	3,711	20,041	23,752	(13,136)	1998
Heritage Plantation	Vero Beach	FL	—	2,403	7,259	—	3,398	2,403	10,657	13,060	(8,074)	1994
Heron Cay	Vero Beach	FL	(27,504)	14,368	23,792	—	2,081	14,368	25,873	40,241	(8,814)	2011
Holiday Village, Florida	Vero Beach	FL	—	350	1,374	—	258	350	1,632	1,982	(1,204)	1998
Sunshine Travel-Vero Beach	Vero Beach	FL	—	1,603	4,813	—	1,455	1,603	6,268	7,871	(3,030)	2004
Vero Palm Estates	Vero Beach	FL	(11,042)	6,697	9,025	—	1,473	6,697	10,498	17,195	(3,451)	2011
Village Green	Vero Beach	FL	(53,281)	15,901	25,175	518	2,874	16,419	28,049	44,468	(9,760)	2011
Peace River	Wauchula	FL	—	900	2,100	—	2,088	900	4,188	5,088	(1,527)	2006
Palm Beach Colony	West Palm Beach	FL	(10,632)	5,930	10,113	8	946	5,938	11,059	16,997	(3,891)	2011
Parkwood Communities	Wildwood	FL	—	6,990	15,115	—	1,611	6,990	16,726	23,716	(5,746)	2011
Three Flags	Wildwood	FL	—	228	684	—	625	228	1,309	1,537	(613)	2006
Winter Garden	Winter Garden	FL	—	2,321	6,962	—	1,247	2,321	8,209	10,530	(3,446)	2007
Crystal Lake Zephyrhills	Zephyrhills	FL	—	3,767	6,834	194	10,155	3,961	16,989	20,950	(3,201)	2011


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/20
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Forest Lake Estates MH	Zephyrhills	FL	(19,207)	40,716	33,918	1,048	2,005	41,764	35,923	77,687	(11,016)	2016
Forest Lake Village RV	Zephyrhills	FL	—	—	537	—	207	—	744	744	(159)	2016
Sixth Avenue	Zephyrhills	FL	—	837	2,518	—	172	837	2,690	3,527	(1,479)	2004
Coach Royale	Boise	ID	—	465	1,685	—	373	465	2,058	2,523	(671)	2011
Maple Grove	Boise	ID	—	1,358	5,151	—	855	1,358	6,006	7,364	(2,020)	2011
Shenandoah Estates	Boise	ID	(8,194)	1,287	7,603	—	562	1,287	8,165	9,452	(2,687)	2011
West Meadow Estates	Boise	ID	(7,304)	1,371	6,770	—	293	1,371	7,063	8,434	(2,443)	2011
O'Connell's Yogi Bear RV Resort	Amboy	IL	(3,247)	1,648	4,974	—	3,051	1,648	8,025	9,673	(3,728)	2004
Pheasant Lake Estates	Beecher	IL	(39,315)	12,764	42,183	—	1,939	12,764	44,122	56,886	(11,906)	2013
Pine Country	Belvidere	IL	—	53	166	—	2,579	53	2,745	2,798	(457)	2006
Willow Lake Estates	Elgin	IL	—	6,138	21,033	—	15,567	6,138	36,600	42,738	(22,794)	1994
Golf Vista Estates	Monee	IL	—	2,842	4,719	—	13,150	2,842	17,869	20,711	(8,293)	1997
Indian Lakes	Batesville	IN	—	450	1,061	6	7,456	456	8,517	8,973	(1,788)	2004
Horseshoe Lakes	Clinton	IN	—	155	365	2	1,767	157	2,132	2,289	(465)	2004
Twin Mills RV	Howe	IN	—	1,399	4,186	—	758	1,399	4,944	6,343	(2,205)	2006
Lakeside RV	New Carlisle	IN	—	426	1,281	—	259	426	1,540	1,966	(814)	2004
Diamond Caverns	Park City	KY	—	530	1,512	—	611	530	2,123	2,653	(950)	2006
Gateway to Cape Cod	Rochester	MA	—	91	288	—	420	91	708	799	(320)	2006
Hillcrest MA	Rockland	MA	—	2,034	3,182	—	197	2,034	3,379	5,413	(1,204)	2011
The Glen	Rockland	MA	—	940	1,680	—	15	940	1,695	2,635	(621)	2011
Old Chatham	South Dennis	MA	(6,552)	1,760	5,293	—	612	1,760	5,905	7,665	(2,846)	2005
Sturbridge	Sturbridge	MA	—	110	347	—	823	110	1,170	1,280	(429)	2006
Fernwood	Capitol Heights	MD	(12,331)	6,556	11,674	—	1,269	6,556	12,943	19,499	(4,406)	2011
Williams Estates/Peppermint Woods	Middle River	MD	—	22,774	42,575	—	1,805	22,774	44,380	67,154	(15,468)	2011
Mt. Desert Narrows	Bar Harbor	ME	—	1,037	3,127	—	564	1,037	3,691	4,728	(1,548)	2007
Patten Pond	Ellsworth	ME	—	267	802	—	253	267	1,055	1,322	(454)	2007
Pinehirst	Old Orchard Beach	ME	(10,146)	1,942	5,827	—	2,608	1,942	8,435	10,377	(3,718)	2005
Narrows Too	Trenton	ME	—	1,451	4,408	—	323	1,451	4,731	6,182	(2,031)	2007
Moody Beach	Wells	ME	—	93	292	—	5,184	93	5,476	5,569	(486)	2006
Bear Cave	Buchanan	MI	—	176	516	—	690	176	1,206	1,382	(403)	2006
St Clair	St. Clair	MI	—	453	1,068	6	862	459	1,930	2,389	(846)	2004
Cedar Knolls	Apple Valley	MN	(29,555)	10,021	14,357	—	1,977	10,021	16,334	26,355	(5,655)	2011
Cimarron Park	Lake Elmo	MN	—	11,097	23,132	—	3,470	11,097	26,602	37,699	(8,739)	2011
Rockford Riverview Estates	Rockford	MN	—	2,959	8,882	—	1,339	2,959	10,221	13,180	(3,410)	2011
Rosemount Woods	Rosemount	MN	—	4,314	8,932	—	3,090	4,314	12,022	16,336	(3,309)	2011


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/20
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Forest Lake	Advance	NC	—	986	2,325	13	1,742	999	4,067	5,066	(1,701)	2004
Scenic	Asheville	NC	—	1,183	3,511	—	831	1,183	4,342	5,525	(1,892)	2006
Waterway RV	Cedar Point	NC	(4,965)	2,392	7,185	—	1,234	2,392	8,419	10,811	(4,336)	2004
Twin Lakes	Chocowinity	NC	—	1,709	3,361	—	2,260	1,709	5,621	7,330	(2,320)	2004
Topsail Sound RV	Holly Ridge	NC	—	3,414	5,898	—	—	3,414	5,898	9,312	—	2020
Green Mountain	Lenoir	NC	—	1,037	3,075	—	2,483	1,037	5,558	6,595	(1,972)	2006
Lake Gaston	Littleton	NC	—	130	409	—	2,052	130	2,461	2,591	(533)	2006
Lake Myers RV	Mocksville	NC	—	1,504	4,587	—	1,137	1,504	5,724	7,228	(2,472)	2006
Bogue Pines	Newport	NC	—	1,476	2,592	—	204	1,476	2,796	4,272	(715)	2015
Goose Creek	Newport	NC	(13,830)	4,612	13,848	750	2,880	5,362	16,728	22,090	(8,841)	2004
Whispering Pines - NC	Newport	NC	—	3,096	5,081	1	340	3,097	5,421	8,518	(1,348)	2015
Harbor Point RV	Sneads Ferry	NC	—	4,633	7,777	—	—	4,633	7,777	12,410	—	2020
White Oak Shores	Stella	NC	—	5,089	15,416	2,144	2,790	7,233	18,206	25,439	(2,356)	2019
Buena Vista	Fargo	ND	—	4,563	14,949	—	1,338	4,563	16,287	20,850	(5,525)	2011
Meadow Park	Fargo	ND	—	943	2,907	—	406	943	3,313	4,256	(1,147)	2011
Sandy Beach	Contoocook	NH	—	1,755	5,265	—	271	1,755	5,536	7,291	(2,847)	2005
Pine Acres	Raymond	NH	—	3,096	2,102	—	753	3,096	2,855	5,951	(851)	2014
Tuxbury Resort	South Hampton	NH	—	3,557	3,910	—	1,369	3,557	5,279	8,836	(2,107)	2007
King Nummy	Cape May Court House	NJ	—	4,027	3,584	—	391	4,027	3,975	8,002	(1,280)	2018
Acorn Campground	Green Creek	NJ	—	3,707	4,642	—	—	3,707	4,642	8,349	(273)	2020
Mays Landing Resort	Mays Landing	NJ	—	536	289	—	1,086	536	1,375	1,911	(250)	2014
Echo Farms	Ocean View	NJ	—	2,840	3,045	—	2,174	2,840	5,219	8,059	(1,169)	2014
Lake and Shore	Ocean View	NJ	—	378	1,192	—	2,440	378	3,632	4,010	(1,578)	2006
Chestnut Lake	Port Republic	NJ	—	337	796	5	1,295	342	2,091	2,433	(793)	2004
Sea Pines	Swainton	NJ	—	198	625	—	4,149	198	4,774	4,972	(1,046)	2006
Pine Ridge at Crestwood	Whiting	NJ	(50,057)	17,367	33,127	—	5,391	17,367	38,518	55,885	(12,478)	2011
Mountain View - NV	Henderson	NV	(30,922)	16,665	25,915	—	878	16,665	26,793	43,458	(9,314)	2011
Bonanza Village	Las Vegas	NV	—	908	2,643	—	2,371	908	5,014	5,922	(3,905)	1983
Boulder Cascade	Las Vegas	NV	—	2,995	9,020	—	3,432	2,995	12,452	15,447	(8,565)	1998
Cabana	Las Vegas	NV	—	2,648	7,989	—	1,458	2,648	9,447	12,095	(7,703)	1994
Flamingo West	Las Vegas	NV	—	1,730	5,266	—	2,102	1,730	7,368	9,098	(5,901)	1994
Las Vegas	Las Vegas	NV	—	1,049	2,473	14	1,715	1,063	4,188	5,251	(1,723)	2004
Villa Borega	Las Vegas	NV	—	2,896	8,774	—	1,859	2,896	10,633	13,529	(7,662)	1997
Rondout Valley	Accord	NY	—	1,115	3,240	—	1,660	1,115	4,900	6,015	(1,945)	2006


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/20
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Alpine Lake RV Resort	Corinth	NY	—	4,783	14,125	153	3,641	4,936	17,766	22,702	(8,171)	2005
Lake George Escape	Lake George	NY	—	3,562	10,708	—	8,331	3,562	19,039	22,601	(7,199)	2005
The Woodlands	Lockport	NY	(42,935)	12,183	39,687	—	5,551	12,183	45,238	57,421	(14,600)	2011
Greenwood Village	Manorville	NY	—	3,667	9,414	484	6,976	4,151	16,390	20,541	(10,588)	1998
Brennan Beach	Pulaski	NY	—	7,325	21,141	—	6,674	7,325	27,815	35,140	(13,095)	2005
Lake George Schroon Valley	Warrensburg	NY	—	540	1,626	—	433	540	2,059	2,599	(830)	2008
Kenisee Lake	Jefferson	OH	—	295	696	4	657	299	1,353	1,652	(531)	2004
Wilmington	Wilmington	OH	—	235	555	3	722	238	1,277	1,515	(495)	2004
Bend	Bend	OR	—	733	1,729	10	2,845	743	4,574	5,317	(1,509)	2004
Shadowbrook	Clackamas	OR	—	1,197	3,693	—	1,605	1,197	5,298	6,495	(3,258)	1997
Pacific City	Cloverdale	OR	—	1,076	2,539	15	2,746	1,091	5,285	6,376	(2,216)	2004
Falcon Wood Village	Eugene	OR	(12,494)	1,112	3,426	—	961	1,112	4,387	5,499	(3,076)	1997
Portland Fairview	Fairview	OR	(19,011)	7,330	10,278	—	860	7,330	11,138	18,468	(3,051)	2016
Quail Hollow	Fairview	OR	—	—	3,249	—	801	—	4,050	4,050	(2,950)	1997
South Jetty	Florence	OR	—	678	1,598	9	1,839	687	3,437	4,124	(1,217)	2004
Seaside	Seaside	OR	—	891	2,101	12	1,513	903	3,614	4,517	(1,581)	2004
Whalers Rest	South Beach	OR	—	754	1,777	10	1,100	764	2,877	3,641	(1,367)	2004
Mt. Hood Village	Welches	OR	—	1,817	5,733	—	13,458	1,817	19,191	21,008	(4,571)	2002
Greenbriar Village	Bath	PA	—	8,359	16,941	—	798	8,359	17,739	26,098	(6,032)	2011
Sun Valley	Bowmansville	PA	—	866	2,601	—	1,153	866	3,754	4,620	(1,317)	2009
Green Acres	Breinigsville	PA	(36,024)	2,680	7,479	—	6,251	2,680	13,730	16,410	(10,555)	1988
Gettysburg Farm	Dover	PA	—	111	350	—	841	111	1,191	1,302	(365)	2006
Timothy Lake North	East Stroudsburg	PA	—	296	933	—	844	296	1,777	2,073	(686)	2006
Timothy Lake South	East Stroudsburg	PA	—	206	649	—	324	206	973	1,179	(401)	2006
Drummer Boy	Gettysburg	PA	(10,647)	1,884	20,342	—	643	1,884	20,985	22,869	(2,890)	2019
Round Top	Gettysburg	PA	(7,670)	1,214	11,355	—	667	1,214	12,022	13,236	(2,481)	2019
Circle M	Lancaster	PA	—	330	1,041	—	1,775	330	2,816	3,146	(1,072)	2006
Hershey	Lebanon	PA	—	1,284	3,028	17	2,529	1,301	5,557	6,858	(2,481)	2004
Robin Hill	Lenhartsville	PA	—	1,263	3,786	—	692	1,263	4,478	5,741	(1,718)	2009
PA Dutch County	Manheim	PA	—	88	278	—	499	88	777	865	(257)	2006
Spring Gulch	New Holland	PA	—	1,593	4,795	—	1,117	1,593	5,912	7,505	(3,140)	2004
Lil Wolf	Orefield	PA	—	5,627	13,593	—	3,295	5,627	16,888	22,515	(5,214)	2011
Scotrun	Scotrun	PA	—	153	483	—	909	153	1,392	1,545	(391)	2006
Appalachian RV	Shartlesville	PA	—	1,666	5,044	—	984	1,666	6,028	7,694	(2,719)	2006
Mountain View - PA	Walnutport	PA	—	3,207	7,182	—	747	3,207	7,929	11,136	(2,665)	2011


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/20
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Timber Creek	Westerly	RI	—	12,618	8,489	—	326	12,618	8,815	21,433	(3,012)	2018
Carolina Landing	Fair Play	SC	—	457	1,078	6	923	463	2,001	2,464	(812)	2004
Inlet Oaks Village	Murrells Inlet	SC	—	1,546	4,642	—	448	1,546	5,090	6,636	(2,384)	2006
The Oaks	Yemassee	SC	—	267	810	—	340	267	1,150	1,417	(477)	2006
Natchez Trace	Hohenwald	TN	—	533	1,257	7	1,803	540	3,060	3,600	(1,180)	2004
Cherokee Landing	Saulsbury	TN	—	118	279	2	229	120	508	628	(242)	2004
Alamo Palms	Alamo	TX	(5,874)	1,562	7,924	—	541	1,562	8,465	10,027	(2,875)	2012
Bay Landing	Bridgeport	TX	—	438	1,033	6	1,979	444	3,012	3,456	(969)	2004
Colorado River	Columbus	TX	—	466	1,099	6	1,246	472	2,345	2,817	(871)	2004
Victoria Palms	Donna	TX	(9,939)	2,849	12,305	—	4,407	2,849	16,712	19,561	(5,221)	2012
Lake Texoma	Gordonville	TX	—	488	1,151	6	1,986	494	3,137	3,631	(1,519)	2004
Lakewood	Harlingen	TX	—	325	979	—	622	325	1,601	1,926	(764)	2004
Paradise Park	Harlingen	TX	—	1,568	4,705	—	1,557	1,568	6,262	7,830	(3,173)	2004
Sunshine RV Resort	Harlingen	TX	—	1,494	4,484	—	2,105	1,494	6,589	8,083	(3,253)	2004
Tropic Winds	Harlingen	TX	—	1,221	3,809	—	1,047	1,221	4,856	6,077	(2,741)	2002
Medina Lake	Lakehills	TX	—	936	2,208	13	1,946	949	4,154	5,103	(1,863)	2004
Paradise South	Mercedes	TX	—	448	1,345	—	834	448	2,179	2,627	(1,011)	2004
Lake Tawakoni	Point	TX	—	35	2,320	—	891	35	3,211	3,246	(1,525)	2004
Fun N Sun RV	San Benito	TX	—	2,533	5,560	412	7,440	2,945	13,000	15,945	(8,682)	1998
Country Sunshine	Weslaco	TX	—	627	1,881	—	1,500	627	3,381	4,008	(1,656)	2004
Leisure World	Weslaco	TX	(2,642)	957	2,575	—	—	957	2,575	3,532	—	2020
Southern Comfort	Weslaco	TX	(4,165)	1,108	3,323	—	837	1,108	4,160	5,268	(2,184)	2004
Trails End RV	Weslaco	TX	(4,089)	1,115	4,086	—	—	1,115	4,086	5,201	—	2020
Lake Whitney	Whitney	TX	—	679	1,602	10	1,729	689	3,331	4,020	(1,386)	2004
Lake Conroe	Willis	TX	—	1,363	3,214	18	16,330	1,381	19,544	20,925	(4,334)	2004
Westwood Village	Farr West	UT	—	1,346	4,179	—	2,601	1,346	6,780	8,126	(4,653)	1997
St George	Hurricane	UT	—	64	264	2	1,233	66	1,497	1,563	(296)	2010
All Seasons	Salt Lake City	UT	—	510	1,623	—	915	510	2,538	3,048	(1,646)	1997
Meadows of Chantilly	Chantilly	VA	(39,366)	5,430	16,440	—	8,473	5,430	24,913	30,343	(18,955)	1994
Harbor View	Colonial Beach	VA	—	64	202	—	896	64	1,098	1,162	(366)	2006
Lynchburg	Gladys	VA	—	266	627	3	800	269	1,427	1,696	(537)	2004
Chesapeake Bay	Gloucester	VA	—	1,230	2,900	16	3,658	1,246	6,558	7,804	(2,615)	2004
Bayport Development	Jamaica	VA	—	4,942	—	1,892	—	6,834	—	6,834	—	2020
Virginia Landing	Quinby	VA	—	602	1,419	8	467	610	1,886	2,496	(966)	2004
Grey's Point Camp	Topping	VA	(21,642)	33,491	17,104	—	2,691	33,491	19,795	53,286	(4,956)	2017


					Initial Cost to ELS				Costs Capitalized Subsequent to Acquisition (Improvements)				Gross Amount Carried at 12/31/20
Real Estate (1)	Location		Encumbrances		Land		Depreciable Property		Land		Depreciable Property		Land		Depreciable Property		Total (3)		Accumulated Depreciation		Date of Acquisition
Bethpage Camp Resort	Urbanna	VA	(36,123)		45,415		38,149		—		3,633		45,415		41,782		87,197		(8,315)		2017
Williamsburg	Williamsburg	VA	—		111		350		—		817		111		1,167		1,278		(338)		2006
Regency Lakes	Winchester	VA	(40,427)		9,757		19,055		—		2,099		9,757		21,154		30,911		(7,199)		2011
Birch Bay	Blaine	WA	—		502		1,185		7		700		509		1,885		2,394		(774)		2004
Mount Vernon	Bow	WA	—		621		1,464		8		2,292		629		3,756		4,385		(1,401)		2004
Chehalis	Chehalis	WA	—		590		1,392		8		2,913		598		4,305		4,903		(1,414)		2004
Grandy Creek	Concrete	WA	—		475		1,425		—		870		475		2,295		2,770		(826)		2008
Tall Chief	Fall City	WA	—		314		946		—		817		314		1,763		2,077		(645)		2010
Kloshe Illahee	Federal Way	WA	(18,946)		2,408		7,286		—		1,027		2,408		8,313		10,721		(6,207)		1997
La Conner	La Conner	WA	—		—		2,016		—		1,610		—		3,626		3,626		(1,945)		2004
Leavenworth	Leavenworth	WA	—		786		1,853		10		1,390		796		3,243		4,039		(1,456)		2004
Thunderbird Resort	Monroe	WA	—		500		1,178		6		709		506		1,887		2,393		(838)		2004
Little Diamond	Newport	WA	—		353		834		5		1,215		358		2,049		2,407		(846)		2004
Oceana	Oceana City	WA	—		283		668		4		583		287		1,251		1,538		(472)		2004
Crescent Bar	Quincy	WA	—		314		741		4		752		318		1,493		1,811		(680)		2004
Long Beach	Seaview	WA	—		321		758		5		556		326		1,314		1,640		(603)		2004
Paradise RV	Silver Creek	WA	—		466		1,099		6		1,033		472		2,132		2,604		(886)		2004
Rainbow Lake Manor	Bristol	WI	—		4,474		16,594		—		3,703		4,474		20,297		24,771		(4,883)		2013
Fremont Jellystone Park Campground	Fremont	WI	—		1,437		4,296		—		1,263		1,437		5,559		6,996		(2,895)		2004
Yukon Trails	Lyndon Station	WI	—		556		1,629		—		312		556		1,941		2,497		(1,025)		2004
Blackhawk Camping Resort	Milton	WI	—		1,789		7,613		—		1,454		1,789		9,067		10,856		(2,138)		2014
Lakeland	Milton	WI	—		3,159		13,830		—		1,235		3,159		15,065		18,224		(3,721)		2014
Westwood Estates	Pleasant Prairie	WI	(19,628)		5,382		19,732		—		2,401		5,382		22,133		27,515		(5,899)		2013
Plymouth Rock	Plymouth	WI	—		2,293		6,879		—		1,809		2,293		8,688		10,981		(3,134)		2009
Tranquil Timbers	Sturgeon Bay	WI	—		714		2,152		—		874		714		3,026		3,740		(1,309)		2006
Lake of the Woods RV	Wautoma	WI	—		1,333		2,238		—		233		1,333		2,471		3,804		(874)		2019
Neshonoc Lakeside	West Salem	WI	(4,826)		1,106		4,861		(1)		413		1,105		5,274		6,379		(1,322)		2013
Arrowhead	Wisconsin Dells	WI	—		522		1,616		—		871		522		2,487		3,009		(1,036)		2006
Subtotal of Properties Held for Long Term			(2,444,930)		1,607,061		3,019,193		65,604		1,095,340		1,672,665		4,114,533		5,787,198		(1,834,665)
Realty Systems, Inc.			—		—		—		414		331,633		414		331,633		332,047		(64,142)		2002
Management business and other			—		3,448		578		109		37,046		3,557		37,624		41,181		(25,778)
			$	(2,444,930)	$	1,610,509	$	3,019,771	$	66,127	$	1,464,019	$	1,676,636	$	4,483,790	$	6,160,426	$	(1,924,585)

_____________________

(1)The schedule excludes Properties in which we have a non-controlling joint venture interest and account for using the equity method of accounting.

(2)All Properties were acquired, except for Country Place Village, which was constructed.

(3)Aggregate cost for federal income tax purposes is approximately $4.0 billion.

The following table presents the changes in gross investment in real estate:


(amounts in thousands)	2020		2019		2018
Balance, beginning of year	$	5,743,049	$	5,273,477	$	4,915,813
Acquisitions	248,253		250,843		265,129
Improvements	217,082		257,993		181,622
Properties held for sale	—		—		(49,973)
Dispositions and other	(47,958)		(39,264)		(39,114)
Balance, end of year	$	6,160,426	$	5,743,049	$	5,273,477

The following table presents the changes in accumulated depreciation related to investment in real estate:


(amounts in thousands)	2020		2019		2018
Balance, beginning of year	$	1,776,224	$	1,631,888	$	1,516,694
Depreciation and amortization	157,673		153,893		137,209
Properties held for sale	—		—		(14,547)
Dispositions and other	(9,312)		(9,557)		(7,468)
Balance, end of year	$	1,924,585	$	1,776,224	$	1,631,888